door-step lending n.— «Again it is the current state of the economy that is to blame—a drying of liquidity has seen a reduction in sub-prime lending, often known as “door-step lending.”» —“Lloyds insurance warns on rogue...
short-and-distort n.— «Investigators have requested emails and text messages from fund managers, looking, Hagstrom said, for evidence of irresponsible rumour-mongering—a practice known as short-and-distort, in which short sellers borrow...
helicopter money n.— «it’s time to think about so-called “helicopter money.” While most people understandably worry primarily about the US housing market, the real threat to our economic security is now coming from the...
swimmer n.— «In Australia, Russian and Chinese swimmers were second and third in the medals table, at the time of writing—a marked improvement on last year. These countries are also producing more “swimmers” in capital markets, where it...
take a haircut v. phr.— «To account for the fact that the shares cannot be sold, FBR uses an accounting technique known as a “liquidity discount,” or, in the jargon of Wall Street, “taking a haircut.” Back to your...